Verizon Upgraded To 3.5 Stars By Vetr

Verizon Communications Inc. VZ shares are trading down just over three percent over the past five trading days entering Monday’s open, and the Vetr community has upgraded the company from 3 to 3.5 stars. Verizon recently purchased Yahoo! Inc. YHOO for $4.83 billion.

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Vetr members have given Verizon a Buy rating and a $55.93 price target. This price target is lower than the $54.3 price target from Wall Street analysts. The company opened Monday around $53.50.

Of all Vetr raters, 61.5 percent believe traders and investors should buy Verizon stock.

For Vetr’s full analysis of Verizon, go here.